Austin Maas
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Rare turnkey mixed-use opportunity with an adjacent paved and gated lot in Chicago's Norwood Park neighborhood. The approximately 1,375-square-foot commercial space features two private offices, a conference room, reception area, bright front lobby/showroom and two washrooms. An attached approximately 1,000-square-foot warehouse/garage includes an industrial-grade epoxy floor and a 10-foot-high by 14-foot-wide overhead door-ideal for storage, service operations, light industrial use or fleet parking. The second floor offers a spacious, well-maintained approximately 1,700-square-foot apartment with two bedrooms and 1.5 baths, providing excellent rental potential or an ideal live-on-site option for an owner-operator. The sale also includes an approximately 3,000-square-foot paved and gated adjacent lot, offering additional parking, outdoor storage, expansion or future redevelopment potential. Delivered fully vacant for immediate occupancy or leasing, with separate entrances, B3-1 zoning and convenient access to I-90 and I-94. Pro forma projections reflect $76,200 in annual gross income and $54,018 in NOI, representing an estimated 6.36 cap rate at the current asking price. Tenants are responsible for gas and electricity. All income and expense figures are estimates; buyer to independently verify financial information, zoning and permitted uses.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1967
General Information
County: Cook
Listed By:
@properties Christie's International Real Estate
847-797-0200
MRED MLS
MLS ID: 12744887
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6135 N Elston Avenue, Chicago, IL 60646.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $849,000 | $849,000 | $849,000 |
| Down Payment | $169,800 | $29,715 | $212,250 |
| Monthly Mortgage Amount | $4,293 | $5,201 | $5,330 |
| Taxes | $1182 | $1182 | $1182 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $374 | $0 |
| Monthly Estimated Total | $5,723 | $7,005 | $6,760 |
Austin Maas
REALTOR®
Office: (563) 288-2997
Cell: (319) 325-0367
Licensed in IA
Muscatine Office
226 East 2nd Street
Muscatine, IA 52761
(563) 264-0240
Muscatine, IA 52761
(563) 264-0240
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